Infosys To Hire 30,000

IT major Infosys Technologies Ltd on Thursday said that it would invest Rs 800 crore (Rs 8 billion) more during the current fiscal. “Total investment during the current year would be Rs 1,600 crore (Rs 16 billion) and during the last two quarters Rs 800 crore had already been pumped in,” Infosys member of the board, T V Mohandas Pai said on Thursday.

Pai said that the company was building the country’s largest educational complex at Mysore with an investment of Rs 1,500 crore (Rs 15 billion) and it was likely to be completed by March. The company is expanding its centres it operates and Pune will become larger than Bangalore centre.

In the last year it added 31,000, the company said. Currently, Infosys operates from 10 locations in the country and Jaipur is the latest new centre which will come up in the near future.

“The Rajasthan government has given 200 acres of land in a SEZ and we will start our operations there,” Pai said.

Commenting at the inorganic growth, Pai said we are looking at new verticals (sectors) and countries we are not present and looking at small companies, without detailing further.

“For example it could be in oil and gas and pharma. In countries it could be Germany,” he said. On margins due to rupee strengthening, Pai said we were able to bounce back in margin despite 12 per cent appreciation in rupee.